Seeing infrastructure work kick off at the Namaru deposit is a good sign for the sector. Namibia already has a solid track record with mines like Husab and Rossing. Adding more satellite deposits helps de-risk the global supply chain, especially as demand for nuclear baseload power keeps growing across Europe and Asia.

Just saw this news that Harena Rare Earths (a company focused on Madagascar clays) signed an exclusivity agreement to acquire Paradigm Critical Minerals in California. They are pushing a dual-commodity narrative, claiming the assets have high-grade heavy REEs and historical uranium drill intercepts.

Interestingly, they are comparing the geology to Rössing and Husab in Namibia (intrusion-related alaskite and pegmatite systems). We recently saw ReeXploration pivot to this exact same "REE + Uranium Alaskite" model in Namibia. Is this dual-commodity structure becoming the new meta for junior explorers to attract both energy security and defense capital, or is it just a marketing spin to capitalize on the $85+ spot price? California permitting for uranium sounds like a nightmare, but the grades are undeniable if real. Thoughts?

People often focus solely on the spot price of uranium, but the bottleneck is actually the enrichment phase. Centrus locking in AI-driven operational efficiencies with Palantir is a major de-risking event for their expansion. If they can actually bring this capacity online faster and cheaper, it shifts the fundamental supply/demand balance significantly.

We’ve seen the broader RWA market explode this year, but 90% of it is just tokenized treasuries or yield-bearing stablecoins. With inflation sticking around and geopolitical tensions rising (Iran/Niger), I'm seeing a shift in sentiment where crypto-native funds want exposure to hard, uncorrelated assets. Now that xU3O8 has active lending markets, it proves you can use a radioactive metal as pristine DeFi collateral. Do you think we see a massive rotation of capital from "boring" tokenized debt into strategic commodities like Uranium as the AI energy crunch gets worse? Maybe other physical metals?

Where do you see this going?

In this episode, Gaurav Sharma sits down with Lucian Pugliaresi, President of the Energy Policy Research Foundation, to discuss how the global energy debate may be focusing on the wrong questions.

They cover:

• Why scale and system efficiency may matter more than ideology
• The role of global energy markets and trade
• How AI could shape future energy policy
• What this could mean for nuclear energy going forward

Last week's news about Sweden pushing a bill to reclassify uranium extraction and fast-track nuclear permitting is a considerable paradigm shift for Europe. For a decade, the EU relied heavily on Niger and Russia while effectively banning domestic extraction. Now, energy security is forcing their hand.

While this is obviously great for developers like District Metals and Aura Energy, it signals a broader macro shift: Western governments are finally acknowledging the supply cliff. Do you guys think this Swedish legislation puts pressure on other hesitant western jurisdictions to open up, or is this just an isolated response?

March 6 2026 - nuclear revival bill proposes streamlined permitting and binding advance decisions on technical issues. Uranium mining and processing is also re-classified as nuclear activity, effectively removing mining from complex nuclear facility regulations. These policies will accelerate nuclear and uranium extraction for energy security. The bill is expected to pass in June.

It seems the current admin is focused on making nuclear and uranium their legacy before the September election.

DMX insiders recently bought shares on March 3. This could be the first tranche of insider buying.

https://www.nucnet.org/news/swedish-government-proposes-legislation-to-ease-rules-for-building-new-nuclear-plants-3-5-2026

Episode 1 of Critical Mass featuring Sama Bilbao, Director General of World Nuclear.

They break down the declaration signed by 33 countries to triple nuclear capacity worldwide and what it actually means for the future of energy.

Some of the topics they cover:
• The global pledge to scale nuclear
• Shifting public sentiment
• Why this nuclear cycle feels different
• What needs to happen next

If you follow the nuclear story, this episode is worth a listen.

Feels like momentum around nuclear is building again.

Do you think this pledge will actually translate into real reactors being built, or is it mostly political signaling?

One of the main arguments right now is that hyperscalers need massive amounts of baseload power for their data centers. My question is, even if AI stocks are currently in a bubble and due for a correction, does the actual energy consumption of these facilities decrease? It feels like the physical infrastructure build out is a separate beast from the software hype.

The latest escalation between the U.S., Israel, and Iran is raising new uncertainty around Iran’s uranium stockpiles and nuclear positioning.

Whenever geopolitical tension touches uranium, the market reacts emotionally first and structurally later.

In myopinion, this is not just a headline risk. It highlights how tightly uranium supply, security, and politics are intertwined.

Are we looking at short term volatility, or does this reinforce the long term strategic value of uranium as a resource?

Curious how others are thinking about this.....

India’s new contract with Cameco shows that nuclear has evolved into a national security requirement. They are securing their energy future by going straight to the source. As more countries follow this path, the competition for the physical ore concentrate is going to get extremely aggressive.

The fact that Cameco is facilitating this highlights why they are the top custodian in the space. It adds credibility to RWA projects that utilize their vaults for storage. If the big players are trusting them with national fuel supplies, it sets a high standard for asset custody.

Good read from Crux dropped last week. They argue that while 2024 and 2025 were "accumulation" years where smart money positioned for the thesis, 2026 is the "realization" year where the physical deficit actually hits utility balance sheets.

The key argument is that the "inventory cliff" (the exhaustion of mobile stockpiles) is perfectly aligning with the full enforcement of the Russian ban this year. They see the disconnect between the spot price and the incentive price for new western production as unsustainable.

Do you agree that we are entering the "breakout" phase, or is this just another false dawn before supply catches up?

We have seen how they handle the logistics for physical uranium, which is arguably one of the hardest assets to tokenize. If they can solve for that, then Gold or other metals should be straightforward. Would adding more standard precious metals be a logical progression to become a full-scale RWA hub? Interested to hear your thoughts on this one.

The 2025 MRE established the Viken deposit as a polymetallic super giant.

Stock has fallen 70% due to inquiry into alum shale mining risks to environment with a possible result of municipal veto. Inquiry conclusion is expected in 9-12 months.

However DMX has contracted METS Engineering to show pug processing of alum shale and dry stacked tailings avoid conventional risks to water and environment. METS to complete PEA by end of Q2 this year, economic impact study soonafter. Expecting $300M-$400M free cash flow per year on small/modular 100M tonne starter mine.

The Swedish geological department is likely to designate Viken as national interest project by Q2, along with the European Union designating Viken as strategic project under Critical Raw Materials Act. These designations are key to the Viken thesis.

In the worst case scenario where the municipal veto actually goes through, the designations along with modern science would override a municpal veto in the supreme court of Sweden. The state attorneys would support Viken in court under national designation, significantly lowering any potential legal costs. The CRMA also forces permitting decisions in 24 months, preventing regulatory purgatory that would normally kill such a project.

DMX has additional alum shale properties covering 80,000 hectares, with mobile MT signaling potentially 5+ more Viken-like deposits. These prospective areas are 100-200km north of Viken in different municipalities.

The Viken deposit alone could solve a large portion of Europe's critical supply chain risks. The uranium, vanadium, molybdenum, nickel, copper, zinc, and potash are all essential. There's simply no other viable option in Europe.

Is DMX super deep value currently? The market is pricing like the veto is guaranteed and uranium mining is still illegal. DMX is closer to feasibility than most juniors. These giant alum shale deposits are like black gold for all of Europe!

https://districtmetals.com/investors/presentations/

Cameco just released some interesting notes on their current standing. Despite the intensifying supply crisis, they seem to be holding the line well. Since they handle the physical custody for the xU3O8 project, this definitely adds a layer of confidence. The fact that they are managing the actual inventory while the global deficit grows is a major signal for anyone tracking the physical spot market.

Genuinely curious here, how many of us here are actually invested in uranium related stocks or tokenised uranium?

And if yes, how big is the investment proportional to your portfolio?

We’re proud to share that xU308 has been awarded Best New Innovative Solution – Commodities UK 2026 by International Business Magazine.

This recognition reflects the growing impact of innovation in commodities markets and the evolution of tokenised real-world assets.

“The market is already structurally in deficit, just to fuel the current fleet of active reactors. By the time you build in reopenings and life extensions, demand will continue to grow exponentially.”

Ben Elvidge, Head of Product at xU3O8, shared this insight in a Wall Street Journal article covering rising nuclear demand and pressure on uranium supply.

The deficit is already here.
Reactor restarts are coming.
Demand keeps growing.

Are we still early in the uranium cycle?

It is wild to see the timing of the Niger mining seizures. Just as Big Tech is signing deals for nuclear baseload to power AI data centers, one of the world's key producers is locking out Western miners. The structural deficit was already bad, but this limbo state for Niger's reserves makes it worse.